Which part of market direction? Currencies or indices. Currencies yes, bec of the USD liquidity squeeze now in effect. Market will need to cash out of many pairs into USD in order to settle contracts. Much will depend on what WTI does today, where ...

Cable Update (GBPUSD)

Need eyes in the back of your head and 360 degree vision to trade this Fx beast huh? Many eyes looking at many things helps. Looking at 88.50 or 91.80 to short WTI. The US so needs the price of oil to come down but the situation with Iran seems ...

Cable Update (GBPUSD)

Good planning. WTI contract rolls over tomorrow. Market is going to need USD to settle.

Cable Update (GBPUSD)

Yeah, the Yanks are bedazzled by bright shiny things

Cable Update (GBPUSD)

And here's the sibling rivalry going on. EURGBP cross. The one weakness cable has is that GBP can't be used to settle international contracts of trade between countries. Only USD or Euros (and a small number of particular contracts can now be ...

Cable Update (GBPUSD)

Sometimes, instead of looking into the mine pit, you need to keep an eye on the canary in the mine instead. Kiwi dollar = canary. When it hits that trendline, and if it holds, then reversal across the board. If not, watch out below.

Cable Update (GBPUSD)

GDP data and construction output data not good. The rest was better but clearly not enough to sway market into bull mode.

Cable Update (GBPUSD)

Think we may be in for one of those days where irrational market behaviour defies the fundies. At least, that's how the TA looks to this trader.

Cable Update (GBPUSD)

Agree completely. The "news" nearly always shows up in the TA first (if you know what to look for and have the patience to wait for price to come to you).

Cable Update (GBPUSD)

1H chart

Cable Update (GBPUSD)

This does not look good for cable, daily chart. MA's crossing over above and resistance at the 200 sma (purple) and 200 ema (red) above that (gorillas sitting on price squashing it flat, i.e. south) And there are wicks on GJ daily chart, indicating ...

Cable Update (GBPUSD)

And here comes the ignore button. If you are going to try to teach ppl things they have already known for years, please at least learn how to edit your own posts so you are not re-posting the exact same thing just to add a few words. Hope that's ...

Cable Update (GBPUSD)

Give it up sport, the traders in this thread know their stuff and don't take any prisoners. (in bold just so you don't miss it)

Cable Update (GBPUSD)

video

Cable Update (GBPUSD)

So looking forward to the Powell "spin" double speak on this one

Cable Update (GBPUSD)